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-- 99.510 Before the Bell | Stock market jitters don't endanger economy yet
By Ander
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures were mixed in early morning trading on Monday as investors braced for the final trading day in what could be the worst month for the S&P 500 since March 2020.
- Recent market turmoil doesn't mean the economy is about to be derailed, but rather the recovery is maturing and no longer needs low interest rates, economists and Fed officials say.
Market Snapshot
Stock futures were mixed in early morning trading on Monday as investors braced for the final trading day in what could be the worst month for the S&P 500 since March 2020.
$Dow Jones Industrial Average (.DJI.US)$ futures dipped 105 points. $S&P 500 Index (.SPX.US)$ futures were flat and $NASDAQ 100 Index (.NDX.US)$ futures advanced 0.45%.
Top News
For chip industry, supply woes push next target to $1 trillion
After posting record sales in 2021, chip makers prepare for a historic expansion, reflecting the expectation of rising volumes and higher pricing.
Stock market jitters don't endanger economy yet
Recent market turmoil doesn't mean the economy is about to be derailed, but rather the recovery is maturing and no longer needs low interest rates, economists and Fed officials say.
Wall Street's green push exposes new conflicts of interest
Auditors, bond raters and others aim to profit by both judging and advising companies on their environmental, social and governance scores, creating potential new conflicts of interest for industries that struggled to manage them in the past.
Joe Rogan apologizes, Spotify publishes content policy after Neil Young outcry
The podcaster pledged to be more balanced, while the streaming giant created a Covid-19 information hub. $Spotify Technology (SPOT.US)$
Restaurants pull back on value menus as costs rise
Chains are reducing their menus of discounted items or shrinking portions, hoping it will bring less pushback from consumers than straight price increases.
Aluminum prices can't keep up with energy costs, driving wave of closures
Analysts predict supply of the metal will fall short of demand, creating another pinch point for industries such as auto manufacturing.
Drugmakers raised prices by 6.6% on average early this year
Drug companies' prescription-drug price increases were mostly in the single digits as Congress explores measures to curb high costs.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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71780680 : haha he funny! don't need lower interest rate? who the rich. us out here trying to survive in a pandemic that's still has no control or understanding of what's really going on.
Joyful Kangaroo 71780680 : They want us to own nothing and be happy.